Irish medical device outsourcer Creganna-Tactx Medical said today that it agreed to acquire Precision Wire Components LLC for an unspecified amount, saying it will re-brand as Creganna Medical.
The deal includes PWC’s manufacturing plants in Tualatin, Ore., and Heredia, Costa Rica, according to a press release.
All PWC employees and facilities will become part of Creganna Medical, giving the company a 2,000-employee workforce and some 450,000 square feet of manufacturing space, the company said. The deal is expected to close in early December, according to the release.
"The combined company brings together 2 exceptional organizations who are leading providers of outsourced solutions to the medical device industry," Creganna CEO Chip Hance said in prepared remarks. "Today’s announcement represents an important step in our growth as a leading global medical technology company. PWC is an ideal fit for Creganna. Adding PWC’s adjacent technologies to our existing portfolio is a further opportunity for customers to efficiently consolidate their supply base. Culturally, we both share a passion to serve those customers with pioneering technologies coupled with exceptional quality and service."
"This acquisition will generate tremendous value for all of our customers. Together, we are creating 1 team with a much broader set of skills, services and capabilities that will be able to provide unmatched levels of service and support in multiple markets and locations. With a significant amount of complementary technologies and experience, we will be extremely well positioned to support a broad array of customer projects and development opportunities with a single point of contact," added PWC CEO Geoff Hall.